EQS-News: Adler Group S.A.
/ Key word(s): Disposal
PRESS RELEASE
Adler Group S. A. announces the sale of a Berlin-based development project
Luxembourg, 5 September 2023 – Adler Group S. A. ("Adler Group") today announced the completion of the sale of the Staytion - Forum Pankow development project in Berlin. Consus Real Estate AG, a subsidiary of Adler Group, has sold its shares in the joint venture to its JV partner Kondor Wessels. The transaction, which was completed in August, generated proceeds of approximately €36 million for the Adler Group. The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond.
Contact:
Investor Relations: T +352 278 456 710 F +352 203 015 00 E investorrelations@adler-group.com
05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Adler Group S.A. |
55 Allée Scheffer | |
2520 Luxembourg | |
Luxemburg | |
Phone: | +352 278 456 710 |
Fax: | +352 203 015 00 |
E-mail: | investorrelations@adler-group.com |
Internet: | www.adler-group.com |
ISIN: | LU1250154413 |
WKN: | A14U78 |
Indices: | FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX |
EQS News ID: | 1718745 |
End of News | EQS News Service |
|
1718745 05.09.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.